Remote opportunity at
MonzoPrudential Risk Manager
Monzo operates as a digital-first banking institution offering personal accounts, business accounts, joint options, youth accounts, and credit cards alongside investment and pension services, aiming to…
Career Tools
About This Role
Monzo operates as a digital-first banking institution offering personal accounts, business accounts, joint options, youth accounts, and credit cards alongside investment and pension services, aiming to reshape traditional banking for its customer base. The organisation seeks a Prudential Risk Manager to join its second-line Prudential Risk Oversight team within the broader Group Risk and Compliance department. This position supports the strategic objective to expand the bank securely by providing oversight…
Job Description
Monzo operates as a digital-first banking institution offering personal accounts, business accounts, joint options, youth accounts, and credit cards alongside investment and pension services, aiming to reshape traditional banking for its customer base. The organisation seeks a Prudential Risk Manager to join its second-line Prudential Risk Oversight team within the broader Group Risk and Compliance department. This position supports the strategic objective to expand the bank securely by providing oversight for critical regulatory deliverables such as the ICAAP, Recovery Plan, and Resolution Planning.
The person in this position collaborates closely with the first-line Financial Risk team to review regulatory submissions, assess the implications of regulatory changes, and evaluate financial forecasting and stress-testing models. Responsibilities include running sensitivity analyses, performing independent assurance reviews, and preparing reports for key risk committees and the Board. Candidates should be comfortable building cross-functional relationships across the three lines of defence to help embed effective prudential risk management practices throughout the organisation.
This role offers a salary between £64,000 and £80,000 per year, supplemented by performance-linked incentive awards and additional benefits. Work arrangements allow for positioning either in the London office or through distributed remote working across the United Kingdom, which may involve occasional travel to London for meetings. The recruitment process typically comprises up to four Google Hangouts stages, featuring an initial recruiter conversation, a discussion with the hiring manager, a role-specific assessment, and a behavioural evaluation.
Responsibilities
- Support second-line oversight of key regulatory deliverables and enhancement initiatives in alignment with internal standards and regulatory expectations
- Identify and interpret regulatory rules to provide ongoing challenge and ensure correct application
- Contribute to reports and strategic options regarding financial positioning and controls for risk committees and the Board
- Ensure adherence to the Group Financial Risk Framework and Financial Projections Framework alongside the Group Risk team
- Review first-line financial models within G-Sheets and Anaplan used for forecasting, capital planning, and stress testing, including running sensitivity analyses
- Execute discrete assurance assignments to strengthen risk and control mechanisms
- Build strong internal relationships to embed prudential risk management activities
Requirements
- Relevant prudential experience acquired at a bank, regulatory body, or consultancy
- In-depth knowledge of capital requirements, recovery planning, and resolution regulations
- Advanced skills in Excel or G-sheets for building and reviewing financial models supporting forecasting or capital planning
- Ability to analyze data sets to derive risk insights
- Strong stakeholder management skills combined with the ability to offer robust and informed challenge
- Excellent written and verbal communication style
Core Skills
Benefits
- Salary between £64,000 and £80,000 per year
- Incentive awards tied to personal performance
- Flexible working hours
- Annual learning budget of £1,000 for books, training courses, and conferences
- MacBook and home office setup support for remote workers
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
What is the salary for the Prudential Risk Manager position?
The salary ranges from £64,000 to £80,000 per year, plus performance-related incentive awards.
Where is the role located?
The position can be based in the London office or performed remotely from locations across the United Kingdom, with occasional meetings required in London.
What does the interview process involve?
The evaluation process generally consists of up to four stages conducted via Google Hangouts, including an initial recruiter chat, a hiring manager discussion, a role-specific interview, and a behavioural interview.
Sample Interview Questions
AI-generated questions tailored to this specific role — a preview of the full practice set.